ASEAN: Electroplating Machine Market 2025

Electroplating Machine Market Size in ASEAN

In 2021, the ASEAN electroplating machine market increased by 892% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electroplating Machine Production in ASEAN

In value terms, electroplating machine production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Electroplating Machine Exports

Exports in ASEAN

In 2021, approx. X units of machines for electroplating, electrolysis or electrophoresis were exported in ASEAN; with an increase of 29% against the previous year's figure. Over the period under review, exports saw buoyant growth. The growth pace was the most rapid in 2013 when exports increased by 107% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, electroplating machine exports skyrocketed to $X in 2021. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 266%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X units) and Malaysia (X units) represented the major exporters of machines for electroplating, electrolysis or electrophoresis in 2021, accounting for near 44% and 32% of total exports, respectively. It was distantly followed by the Philippines (X units) and Lao People's Democratic Republic (X units), together achieving a 23% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of +96.2%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Singapore ($X) and the Philippines ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 81% of total exports. Lao People's Democratic Republic lagged somewhat behind, comprising a further 15%.

Lao People's Democratic Republic, with a CAGR of +68.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, with an increase of 18% against the previous year. Overall, the export price, however, saw a deep downturn. The pace of growth was the most pronounced in 2019 when the export price increased by 234% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Lao People's Democratic Republic ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-2.6%), while the other leaders experienced a decline in the export price figures.

Electroplating Machine Imports

Imports in ASEAN

In 2021, supplies from abroad of machines for electroplating, electrolysis or electrophoresis increased by 553% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports posted a strong expansion. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, electroplating machine imports surged to $X in 2021. In general, imports, however, continue to indicate a mild decrease. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The Philippines (X units) and Indonesia (X units) dominates imports structure, together committing 93% of total imports. The following importers - Thailand (X units) and Vietnam (X units) - together made up 5.7% of total imports.

From 2012 to 2021, the biggest increases were in the Philippines (with a CAGR of +101.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported machines for electroplating, electrolysis or electrophoresis in ASEAN, comprising 41% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 14% share of total imports. It was followed by Thailand, with a 13% share.

In Indonesia, electroplating machine imports shrank by an average annual rate of -3.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (-1.6% per year) and Thailand (-4.4% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, which is down by -77.2% against the previous year. In general, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the import price increased by 379%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-4.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform